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  • Temer gives up on pension reform

    2/20/18
    After months of trying to push it through congress, President Michel Temer's administration has acknowledged the impossibility of approving its pension reform proposal, which sets a retirement age and is considered crucial to rein in...

  • Snapshot: Colombia's AFPs

    2/20/18
    Colombia is home to four private pension fund managers, or AFPs as they are known. At the end of last year they were managing a combined 255tn pesos (US$89bn) in assets, up 39.9tn from 12 months earlier. The assets are spread...

  • Snapshot: Colombia's AFPs

    2/20/18
    Colombia is home to four private pension fund managers, or AFPs as they are known. At the end of last year they were managing a combined 255tn pesos (US$89bn) in assets, up 39.9tn from 12 months earlier. The assets are spread...

  • How Colombia's banks fared in 2017

    2/20/18
    Colombia's lenders posted a drop in profits last year as the wider economy sputtered along. The country's 50 regulated lending entities reported net income of 8.31tn pesos (US$2.9bn), down from 12.0tn pesos in 2016, according to...

  • Temer gives up on pension reform

    2/20/18
    After months of trying to push it through congress, President Michel Temer's administration has acknowledged the impossibility of approving its pension reform proposal, which sets a retirement age and is considered crucial to rein in...

  • Argentina in non-bank ATM push

    2/19/18
    Argentina is due to get 7,000 new ATMs this year, following changes to associated regulations made by the central bank in 2017. Under the new rules, supermarkets, pharmacies, gas stations, kiosks and cooperatives are among those...

  • Itaú to help XP Investimentos multiply AUM

    2/19/18
    Brazilian brokerage XP Investimentos is planning to advance its expansion plans this year with the help of its new powerful shareholder, the country's biggest private sector bank Itaú Unibanco. XP is planning to invest 500mn reais (...

  • How Argentina's banks fared in 2017

    2/16/18
    The profitability of Argentina's financial system players fell in 2017. ROA was 3.0% and ROE was 25.8%, the lowest readings for five years, the central bank said in a report. In 2016 the sector posted ROA of 3.6% and ROE of 29.6%...